Carlisle Companies Incorporated (NYSE:CSL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its stake in shares of Carlisle Companies Incorporated (NYSE:CSLFree Report) by 6.9% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 27,308 shares of the conglomerate’s stock after selling 2,035 shares during the period. State of New Jersey Common Pension Fund D owned about 0.06% of Carlisle Companies worth $7,080,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Coppell Advisory Solutions Corp. acquired a new stake in Carlisle Companies during the fourth quarter valued at $29,000. Artemis Wealth Advisors LLC acquired a new stake in shares of Carlisle Companies in the second quarter worth about $42,000. Signaturefd LLC lifted its position in shares of Carlisle Companies by 28.9% in the third quarter. Signaturefd LLC now owns 196 shares of the conglomerate’s stock worth $51,000 after buying an additional 44 shares during the last quarter. RVW Wealth LLC acquired a new stake in shares of Carlisle Companies in the third quarter worth about $52,000. Finally, UniSuper Management Pty Ltd bought a new position in shares of Carlisle Companies in the second quarter worth about $103,000. 90.70% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Carlisle Companies

In other news, VP David W. Smith sold 700 shares of Carlisle Companies stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total value of $236,978.00. Following the completion of the sale, the vice president now directly owns 2,834 shares in the company, valued at $959,422.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Carlisle Companies news, VP David W. Smith sold 700 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $338.54, for a total transaction of $236,978.00. Following the sale, the vice president now owns 2,834 shares of the company’s stock, valued at $959,422.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Lori A. Snyder sold 8,101 shares of the company’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $339.64, for a total transaction of $2,751,423.64. Following the sale, the insider now directly owns 5,212 shares in the company, valued at approximately $1,770,203.68. The disclosure for this sale can be found here. Corporate insiders own 1.30% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CSL shares. StockNews.com upgraded Carlisle Companies from a “hold” rating to a “buy” rating in a research note on Wednesday, February 7th. Robert W. Baird boosted their price target on Carlisle Companies from $350.00 to $354.00 and gave the company an “outperform” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $310.67.

Read Our Latest Report on CSL

Carlisle Companies Stock Performance

Shares of Carlisle Companies stock opened at $350.65 on Tuesday. The firm has a fifty day moving average of $310.78 and a two-hundred day moving average of $282.06. The stock has a market capitalization of $17.13 billion, a price-to-earnings ratio of 23.01, a PEG ratio of 1.28 and a beta of 0.92. Carlisle Companies Incorporated has a 52 week low of $203.65 and a 52 week high of $350.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 3.73 and a current ratio of 4.18.

Carlisle Companies (NYSE:CSLGet Free Report) last released its quarterly earnings data on Tuesday, February 6th. The conglomerate reported $4.17 EPS for the quarter, beating analysts’ consensus estimates of $3.47 by $0.70. The business had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Carlisle Companies had a net margin of 15.07% and a return on equity of 27.90%. The firm’s quarterly revenue was down 1.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $3.92 EPS. As a group, equities research analysts predict that Carlisle Companies Incorporated will post 18.03 EPS for the current year.

Carlisle Companies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 16th will be paid a $0.85 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $3.40 annualized dividend and a yield of 0.97%. Carlisle Companies’s dividend payout ratio (DPR) is currently 22.31%.

About Carlisle Companies

(Free Report)

Carlisle Companies Incorporated operates as a manufacturer of engineered products in the United States, Europe, Asia, Mexico, the United Kingdom, and internationally. It operates through four segments: Carlisle Construction Materials, Carlisle Weatherproofing Technologies, Carlisle Interconnect Technologies, and Carlisle Fluid Technologies.

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Institutional Ownership by Quarter for Carlisle Companies (NYSE:CSL)

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